**Bitcoin Maintaining Around $109,000, MetaPlanet’s NAV Drops to 0.99**
[Herald Economy=Kyoung Yoon Kyung] Amid fluctuating evaluations of publicly traded companies holding bitcoin as corporate assets, the attention in the market turned to the founder of the world’s largest bitcoin-holding company, Strategy, as he signaled a potential purchase.
On the 19th (local time), Strategy’s founder Michael Saylor shared a chart of the company’s bitcoin accumulation through social media. Strategy holds about 640,250 bitcoins, amounting to approximately $69 billion (around 98 trillion won) at current market prices.
Saylor also added a cryptic message saying, “The most important orange dot is always the next one.” Observers speculate that this implies Michael Saylor might be preparing for another bitcoin purchase, as he has made similar hints before official purchase announcements in the past.
On the same day, crypto-focused media outlet Cryptodnes reported that “Strategy’s bitcoin holdings account for about 2.5% of the total supply,” noting it is significantly more than other listed companies. According to BitcoinTreasury.net, Mara Holdings owns 53,509 BTC, followed by XXI (43,514 BTC), MetaPlanet (30,823 BTC), and Bitcoin Standard Treasury Company (30,021 BTC).
However, the overall market sentiment remains challenging. Cryptodnes, citing a report from 10x Research, mentioned that companies holding bitcoin have seen their net asset values (NAV) plummet, erasing billions of dollars in valuation gains. Companies that once traded at premiums compared to their assets are now evaluated below the value of their bitcoin holdings. In fact, Japan’s MetaPlanet recently saw its company valuation drop below the value of its bitcoin holdings, leading to its NAV ratio dropping to 0.99.
As of 8:06 AM (KST), bitcoin is trading at $109,079, up 1.75%.